Bharti Airtel on Wednesday informed Bombay Stock Excahange (BSE) that the promoter shareholding in the company will be reduced to 65.14 per cent after the telecom firm sold 5 per cent stake to Doha-based Qatar Foundation Endowment (QFE) for around Rs 6,800 crore.
Prior to the deal, promoters together held nearly 68.55 per cent stake in Bharti Airtel, including 45.75 per cent by Bharti Telecom, as on March, 2013. Bharti Airtel is jointly promoted by Singapore-based Singtel and group companies of billionaire Sunil Mittal’s family.
The pre-issue shareholding of promoters stood at 68.56 per cent while post issue, it will be 65.14 per cent, the company said in a filing to the BSE.